Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

Bolivian Exports Grow for First Two Months 2018

Bolivian exports grew 25 percent in the first two months of 2018 compared to the same period of 2017, essentially boosted by the demand for natural gas from Argentina and Brazil, official sources reported today.

According to the balance of the Bolivian Institute of Foreign Trade (IBCE), drawn up with data from the National Institute of Statistics, sales abroad in January and February totaled $1.3 billion USD, a 25 percent more than that recorded in the same term of 2017, totaling $1.72 billion USD.

For the IBCE, energy exports to markets in Argentina and Brazil are the main factor for the increase in Bolivian sales abroad.

The IBCE data show that Argentina was Bolivia's main exports destination with $237 million USD, representing 18 percent of the total, followed by Brazil with $230 million USD (17 percent) and South Korea with $120 million USD (nine percentage points).

The following are India, with $119 million USD; Japan, $76 million USD; United States, $75 million USD; United Arab Emirates, $69 million USD, and China, $57 million USD, among the most representative ones.

The largest trade surplus was registered with South Korea ($105 million USD) and the highest deficit with China, with $270 million USD.